SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

FIDUCIARY MANAGEMENT INC /WI/'s Holding History (CIK: 0000764532)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 5,644,538 Value ($000) $201,002 Avg Close $45.99 Range $27.12 - $54.53

Q4 2019

Shares 3,325,280 Value ($000) $179,499 Avg Close $51.27 Range $47.29 - $54.04

Q3 2019

Shares 2,729,291 Value ($000) $147,409 Avg Close $48.23 Range $44.27 - $52.19

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	5,644,538	$201,002	$45.99	$27.12 - $54.53
Q4 2019	3,325,280	$179,499	$51.27	$47.29 - $54.04
Q3 2019	2,729,291	$147,409	$48.23	$44.27 - $52.19